Federated Hermes amends stock incentive plan; increases authorized shares by 5.5M to 36.05M

FEDERATED HERMES, INC.

Share authorization increased from 30,550,000 to 36,050,000 shares of Class B common stock, effective Jan 7, 2022.
Plan amendments permit cash-based awards, employee benefit trust holdings, and delegation of authority.
Approximately 1.1M shares expected to be exchanged for employee beneficial interests in subsidiary HFML in H1 2022.
Class A shareholder (sole voting shareholder) approved amendments via unanimous written consent.

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